Refresco

Benelux / Private Equity

Consumer

Overview

We initially acquired a minority stake inRefresco in 2010 to help support the Company’s continued growth and buy-and-build strategy. During our ownership, Refresco transformed from a European juice manufacturer to a leading European independent bottler of soft drinks for A-brand owners.

Refresco’s merger with Gerber Emig in 2013 was a transformational value driver, enhancing the company’s presence across Europe and strengthening its capability for industry innovation. In addition, Refresco acquired German-headquartered SDI, Spumador in Italy and Taja in Poland, taking its production facilities to 27 across nine countries with a total of 159 production lines and a truly pan-European footprint.

Highlights under our ownership

Increased revenue from €1.2bn to €2bn between 2010 and 2015

Grew volumes from 3.8bn litres in 2010 to 6.1bn litres in 2015

Completion of its IPO on Euronext Amsterdam in March 2015

Successfully entered the Italian market and significantly increased market share in Germany, the UK and France

Key facts

€2bn
Increased revenue

#1
Co packing partner in Europe by volume

#1
Private label soft drinks and fruit juice supplier

2.2x
Money Multiple achieved on exit

“The successful listing of Refresco on the Euronext Amsterdam represents a significant milestone for the Company following our expansion from a local juice manufacturer to the leading European independent bottler of soft drinks for retailers and A-brand owners.”
Hans Roelofs, CEO, Refresco